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After becoming a public company in August 2005, it was revealed that Phillip R. Bennett, the company's CEO and chairman, had concealed $430m of bad debts. Its underwriters were Credit Suisse First Boston, Goldman Sachs, and Bank of America Corp. The company entered Chapter 11 and Bennett was sentenced to 16 years in prison. Bear Stearns: United ...
Goldman Sachs Tower at 30 Hudson Street in Jersey City.. Goldman Sachs, an investment bank, has been the subject of controversies.The company has been criticized for lack of ethical standards, [1] [2] working with dictatorial regimes, [3] close relationships with the U.S. federal government via a "revolving door" of former employees, [4] and driving up prices of commodities through futures ...
During the early 2000s, when EA was in a period of fast growth, the company developed a reputation of acquiring development studios, primarily for their intellectual property (IP) assets rather than the studios' talent, and then subsequently forcing changes on the studios' work product that impacted the quality or scope of the game, and/or determining the studios were no longer necessary due ...
The Walt Disney Company, one of the largest media corporations in the world, has been the subject of a wide variety of criticisms of its business practices, executives, and content. In particular, the Walt Disney Studios has been criticized for including stereotypical portrayal of non-white characters, sexism, and alleged plagiarism.
The Coca-Cola Company is the largest soft drink company in the world, distributing over 500 different products. Since the early 2000s, the criticism of the use of Coca-Cola products, as well as the company itself, escalated, with criticism leveled at the company over health effects, environmental issues , animal testing , economic business ...
The American multinational retail chain Walmart has received criticism from parties such as labor unions and small town advocates for its policies and business practices. Criticisms include charges of racial and gender discrimination, [1][2][3] foreign product sourcing, anticompetitive practices, treatment of product suppliers, environmental ...
Ethical scandals can tarnish the reputations of all members of a profession. A few bad apples in an occupation can undermine social trust in others doing similar work.
Amazon.com offers the option to add an item to a user's cart or purchase it immediately with 1-Click. The company has been criticized for its alleged use of patents as a competitive hindrance; its " 1-Click patent" [2] may be the best-known example. Amazon's use of the 1-click patent against competitor Barnes & Noble 's website led the Free ...